API 0.74% $1.35 australian pharmaceutical industries limited

Yes bad luck this time, fdken, but there are plenty of...

  1. 786 Posts.
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    Yes bad luck this time, fdken, but there are plenty of opportunities out there and many of them seem to be going up and down like a yo yo. It has been a crazy game over the last year and just when you think you are on a winner it turns around and goes the other way so I certainly am not holding my breath on this one.

    I was very surprised when it collapsed back to 21c or so after issuing what I thought was a better than expected annual report.

    There doesn't seem to be any really keen sellers out there on API of late. They come in at 26.5 and 27c but they don't seem to chase it down when the buyers take a break. Still it only requires one big seller to change the game.

    In this market I have been doing a lot more trading than normally so if it continues this run for a while I am likely to take my gains and go elsewhere til it falls again. There are plenty of other stocks to play with in the interim.

    GPASAS
 
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Currently unlisted public company.

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